The Billing Evolution: How Far Along Is Your Firm?

Law360, New York (November 30, 2017, 2:08 PM EST) -- Even if your legal work is first-rate, a lack of timely and accurate billing is likely negatively impacting your firm’s profitability.

In response, firms are increasing their focus on enforcement of timekeeping policies, faster pre-bill review, more efficient billing processes and use of new technologies, according to HBR Consulting’s 2017 Billing and Revenue Cycle Survey of 25 selected Am Law 200 firms.

Clients are driving many of these changes. Corporate law departments — particularly those of public companies — are demanding higher levels of transparency and...